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RE: when we loose cash, we loose freedom

in #money7 years ago

Informative post. I didn't know how bad the "cashless" situation was in Europe. I'm American. They seem to do things like that - start small in just a few places in the world and then gradually try to make something universal.

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yes it is indeed a sneaky process. Trying something out - wait for the public to react, and then step on or step back to reorganize.

I for myself pay nearly all the time in cash. This year so far, I only used my card only three times. My bank recently closed its branch in my place, so I have to take a 15 minutes travel to get to the next one. That is not really an effort, but I think some are lazy enough to waive and take their card instead.

A big "publicly owned" bank in Germany recently started to raise fees to it's Customers to cash out their own money, whilst advertising lot's on national TV to use their "pay with your mobile" App